Russia: Federation Council adopted Federal Law on requirements for digital currency miners including business registration requirements (Law No. 259-FZ)
Description
Federation Council adopted Federal Law on requirements for digital currency miners including business registration requirements (Law No. 259-FZ)
On 23 October 2024, the Federation Council adopted amendments to Federal Law No. 259-FZ on digital financial assets and digital currency. The amendments introduce an operational licence requirement for digital payment providers, including those enga…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government